Where To Buy Aftermarket Car Parts – Aftermarket auto parts are an important part of the automotive industry. In fact, this sector provides about 20% of the revenue for the industry. Whenever one wants to replace or modify parts of their vehicle, they can go for parts made by original equipment manufacturers (OEMs), third-party manufacturers or used equipment. Aftermarket auto parts are parts made by third-party manufacturers, which refers to companies other than the original manufacturer of the vehicle. Aftermarket parts are also sometimes referred to as generic, non-OEM, and/or competitive replacement parts.
It is important to know that there are currently over 230.5 million licensed drivers in the United States. Similarly, the average age of vehicles on America’s roads is about 11.8 years. No wonder the entire automotive aftermarket industry was worth about $381 billion in 2020, of which $282 billion was from light vehicles alone. Additionally, private consumption of auto parts reached an all-time high of $50.5 billion in June 2020.
Where To Buy Aftermarket Car Parts
And considering the current COVID-19 pandemic, DIY automotive projects are on the rise Similarly, online purchase of auto parts has also increased consistently. In fact, by 2020, the auto parts ecommerce business in North America is expected to exceed $20 billion. Traditionally, the ecommerce aftermarket sector grows between 3.5% and 3.9% per year. However, considering the impact of the coronavirus pandemic, after-sales ecommerce is expected to grow rapidly in the future.
Aftermarket Car Parts And Accessories On Sale
It is also worth noting that the digital environment is having a significant impact on the automotive aftermarket industry. An estimated $140 billion worth of parts, components, equipment, accessories and services sold through all sales channels, including brick-and-mortar stores and service stores, have been impacted to varying degrees by the digital environment. By 2023, that impact is expected to exceed $168 billion.
When it comes to car repairs, some insurance companies may have the option of using aftermarket parts instead of original manufacturer components. However, many car owners may feel a little worried because these aftermarket components are not made by the same company as their car. However, there are many other components and accessories from these third-party manufacturers. This aftermarket auto parts guide will shed some light on what auto parts business owners need to know.
Aftermarket parts and accessories have long been a topic of discussion among car enthusiasts. Many people are concerned about whether aftermarket parts are as good, safe or reliable as OEM parts. But over the years, aftermarket parts have gained a lot of popularity and acceptance as a good alternative to original manufacturer parts. In some cases, they are even considered superior because they use better materials and more advanced technology than car manufacturers. And according to the Insurance Information Institute, automotive aftermarket components should not interfere with a vehicle’s warranty.
Therefore, it is important to remember that there are different types of aftermarket parts; structural and cosmetic. According to the Insurance Institute for Highway Safety (IIHS), aftermarket cosmetic parts have absolutely no impact on safety. Fenders, quarter panels, door skins, bumper covers, trim etc. will not affect the safety of passengers. On the other hand, structural parts are directly responsible for the safety of passengers in the event of an accident. And according to the IIHS, some aftermarket structural parts can meet those requirements.
Airline Auto Parts
When it comes to safe structural components, buyers should make sure they have Certified Automotive Parts Association (CAPA) certification. This association has very high standards and guidelines for aftermarket parts. CAPA performs various tests on both manufacturing and material quality, as well as material integrity. To achieve CAPA certification, aftermarket components must be deemed “functionally equivalent” to OEM components. Compared to some insurance company requirements that parts must have the “same type and quality” evaluation standard, the aforementioned “functionally equivalent” CAPA certification is the stronger alternative of the two. Although the “similar type and quality” requirements do not generally cover crash testing performance and/or performance, CAPA certification does.
Besides the fact that aftermarket products are easier to find than OEM variants, they can also help buyers save more money. According to the Property Casualty Insurers Association of America (PCI), aftermarket parts save consumers more than $1.5 billion. Typically, OEM parts are 60% more expensive than parts made by third-party manufacturers. And this cost savings is why some insurance companies choose to use aftermarket components after an accident.
Given the growth of the automotive aftermarket ecommerce sector, more and more auto parts businesses are looking to enter the online market. However, most of them do not feel ready to convert. While some companies lack the necessary technical skills and knowledge, others lack a comprehensive strategy and business plan to do so. Others don’t have the digital resources needed to run their car or truck parts business, at least partially, online. This aftermarket car or truck parts guide will also provide some information on how to make the conversion.
Starting a business almost always involves a fair amount of market research. One of the fastest and most effective ways to do this is to talk to anyone who buys and sells auto parts. This can include car enthusiasts, auto repair shop owners, local mechanics, and even anyone who decided to do a little project on their car a while ago. Ask them about their wants, needs, hopes and problems. Try to find out what works for them to drive sales or purchases. Also ask about their experience while shopping online. This data will help you learn what to use and what to avoid to improve your shoppers’ overall shopping experience.
Auto Parts Spare Parts Car On The Grey Background. Set With Many New Items For Shop Or Aftermarket. Auto Parts For Car. 3d Rendering Stock Photo
Like any other type of business, successfully running an aftermarket auto parts company means you need to know your customers. These customers can be divided into two broad categories: B2B and B2C customers. Business-to-business customers typically include wholesalers such as auto repair shops, repair shops, and other similar vendors. The benefits of selling aftermarket auto parts to B2B consumers typically result in higher sales volume, greater stability, and overall lower costs. In general, auto repair shops and repair shops tend to buy parts that need to be replaced more frequently, such as tires, oil filters, spark plug wires, spark plugs, fuel pumps, and more.
Retail customers (business-to-community buyers), such as end users and car enthusiasts, will tend to offer less stability and lower volume than B2B buyers. However, you will have access to a larger customer base and be able to offer them shorter delivery times such as same-day delivery. Plus, it means you’ll be able to provide a better customer experience. Similarly, car enthusiasts are usually more interested in cosmetic parts, such as rear view mirror accessories, suspension kits, seat covers, car covers, center caps and other similar accessories.
Although some aftermarket auto parts businesses like to sell parts to both B2B and B2C customers, it’s often best to focus your services on a specific niche. For example, if you’re building your website, catalog, and ecommerce business primarily around repair shops, repair shops, and other similar vendors, the bulk of your inventory should be directed toward parts that are frequently used by those consumers. It is good to analyze which parts of the car are frequently replaced, such as control arms, brake pads, fuel tanks, air filters, fuel pumps, wiper blades, front and rear light bulbs, oil filters, batteries, spark plugs, oil pans. , etc. You should also pay attention to the components that are most susceptible to wear, such as the fuel system, water and oil pumps, tires, belts, fuses, alternators, engine sensors, mufflers, etc.
When it comes to B2C customers, such as car enthusiasts and those typically involved in DIY projects, you can focus your inventory more on cosmetics rather than functional and/or structural components. By doing this, you will be able to provide a much better shopping experience, which will greatly increase the chances of repeat customers. Therefore, you should also keep an eye on the top selling auto parts, as they keep changing over time. However, there are some spare parts and accessories, such as tires, GPS trackers, car DVRs, smart locks, rearview mirror accessories, seat covers, car covers, spark plug wires, headlights, taillights, fog lights or jump starters. Which is a pretty consistent top seller.
Aftermarket Automotive Parts Catalog
Once you have a general understanding of your target audience, it’s a good idea to take a quick look at your competitors. Check all their sales channels, such as Amazon, eBay, eCommerce websites and other third-party aftermarket automotive sites. To get a better understanding of how these auto parts businesses price and how they work, how to outbid them. Compare these data
